Tractor Supply (NASDAQ:TSCO) Shares Purchased by PFG Investments LLC

PFG Investments LLC grew its position in shares of Tractor Supply (NASDAQ:TSCO) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,892 shares of the specialty retailer’s stock after purchasing an additional 577 shares during the period. PFG Investments LLC’s holdings in Tractor Supply were worth $2,131,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TSCO. Wedmont Private Capital lifted its stake in shares of Tractor Supply by 3.6% during the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 45 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Tractor Supply by 998.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock worth $23,525,000 after purchasing an additional 99,441 shares during the period. Scotia Capital Inc. boosted its holdings in shares of Tractor Supply by 792.9% during the fourth quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock worth $4,180,000 after purchasing an additional 17,261 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Tractor Supply by 527.7% in the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after purchasing an additional 22,279 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Tractor Supply by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock valued at $2,753,432,000 after purchasing an additional 48,439 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TSCO shares. Wedbush reissued a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Benchmark reissued a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Truist Financial boosted their target price on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Loop Capital increased their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Tractor Supply in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $256.72.

Tractor Supply Stock Up 0.8 %

Shares of NASDAQ:TSCO opened at $272.79 on Tuesday. The company has a 50 day moving average of $265.42 and a two-hundred day moving average of $265.15. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $29.43 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 3.40 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the business earned $3.83 EPS. The business’s revenue was up 1.6% on a year-over-year basis. As a group, analysts forecast that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, August 26th. Tractor Supply’s payout ratio is 42.84%.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.